How to Create a Small Business Technology Plan - dummies

How to Create a Small Business Technology Plan

By Steven D. Peterson, Peter E. Jaret, Barbara Findlay Schenck

Technology is such a powerful driver of change today that a growing number of small businesses and organizations draft stand-alone technology plans. A technology plan is essentially a business plan that focuses on technology implementation. Many libraries around the country have been creating technology plans, for example.

The reason: The Internet and the rise of e-books are radically changing the way libraries do business. Healthcare systems are also drafting technology plans, because that industry has also transformed because of the move to electronic medical records.

If you’re planning for a one-person business or a small business, you can address technology as part of your overall business plan. But if new technologies are the main driver in your planning, you may consider creating a separate technology plan.

A technology plan has many of the same components as a business plan. These three are worth zeroing in on:

  • Clear goals and objectives: New technologies can easily dazzle you. But all those bells and whistles have to be useful; if not you’re throwing away money and wasting time. Be specific about what you hope to achieve and set measurable goals.

  • A carefully thought-out budget: Implementing new technologies can be expensive. Because technologies are changing fast, you can often encounter unexpected expenses. A budget grounded in reality can help you avoid potentially disastrous surprises.

  • An implementation plan: Introducing new technologies into your operation takes time. Almost inevitably, you’ll run into early bumps along the road. By creating a detailed implementation plan, you can anticipate challenges and chart a smoother path to success. For ambitious implementation plans, assign staff members to specific responsibilities and then make sure you schedule periodic reviews of your progress.